What is it really worth? That is the fundamental question but technicals had been beating a path lower for the past several days. Today was a pause – maybe not a floor. After all, there is some harvest pressure still to come and next week’s USDA WASDE will be influential. It should be said from the outset that temporary troubles in NOLA should be ignored – perhaps the Reserve, Louisiana facility being an exception. Exports are seasonally low and are easily made up in a few weeks when infrastructure is repaired. If Katrina had little impact on annual commodity exports in 2005, Ida should scare no one. It is the start of a new marketing year, and it is all about the fundamentals. The market opened today as called, yet...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.